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Dan Tapiero, founder of 10T Holdings, stated at a conference that the US presidential election will not adversely affect the success of Bitcoin, as he predicts the cryptocurrency will climb to $100,000 a coin no matter the outcome. This view was supported by the investment chief at ZX Squared Capital, CK Zheng, who believed that neither candidates’ lack of discussion around the US debts and deficits would hamper Bitcoin’s growth. Tapiero maintained that the move towards blockchain is a global phenomenon, unaffected by a single event or country.

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Don’t worry about the US election outcome affecting crypto and Bitcoin’s success. Just so you know, Bitcoin could jump to about $100,000 a coin no matter who ends up in the White House, according to Dan Tapiero, founder of 10T Holdings. Speaking during a chat at a conference, he shared that despite our current environment, Bitcoin and other virtual currencies continue to go up. He believes that Bitcoin will reach this impressive amount soon and then others will likely follow.

The presidential race currently features Donald Trump, who’s shown quite a positive attitude towards crypto and wants to make America the central hub for it. Kamala Harris, on the other hand, hasn’t really said much at all about it. Trump has said he’d like to fire the current head of the SEC, Gary Gensler, who’s known for being pretty tough on crypto companies. Harris, in contrast, increased her interest in crypto starting in September, and she’s listed blockchain technology among several other sectors she’d like the US to remain dominant in.

One key thing to note though, is that no matter who wins, Bitcoin is still set to benefit. CK Zheng, the investment chief at ZX Squared Capital, believes this is due to both candidates neglecting to discuss the rising US debts and deficits during their campaigns. This being said, he believes that the election could actually be greatly beneficial to Bitcoin. Meanwhile, blockchain technology continues to show promise as it receives billions in investment in 2024.

According to Tapiero, the move towards putting everything on a blockchain is way bigger than the election and it will continue to roll. So don’t sweat it, the crypto wave is global and not tied to one event or country.

Source: Cointelegraph